Jumia Technologies put volume heavy and directionally bearish
The Fly

Jumia Technologies put volume heavy and directionally bearish

Bearish flow noted in Jumia Technologies with 2,326 puts trading, or 2x expected. Most active are 11/1 weekly 4 puts and 11/8 weekly 4 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.74, while ATM IV is up nearly 6 points on the day. Earnings are expected on November 14th.

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